Archived News

China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days.

Some oil palm mills in the State have rejected fresh fruit bunches (FFBs) from smallholders due to the current low market demand, according to Parti Kerjasama Anak Negeri (Anak Negeri).

Prime Minister Shinzo Abe told British Prime Minister Theresa May on Saturday that he welcomes Britain’s expression of interest in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, an 11-nation free trade agreement that will enter into force on Dec. 30.

Coordinating Maritime Affairs and Fisheries Minister Luhut Binsar Pandjaitan has rebuffed claims that he and the government were not paying attention to the deforestation and forest fires caused by oil palm plantations.

Indonesia abolished import duties of up to 30 percent on 20 Pakistani products in a trade deal to secure future of more than one billion dollars of palm oil exports to the south Asian economy that is shifting to a new supplier on long-awaited tariff concessions, industry officials said on Friday.

The Welsh Government says it will work to discourage businesses from using "non-ethical" palm oil in their products and manufacturing processes.

Malaysian palm oil futures closed higher for the third day in a row on Friday evening, supported by gains in related edible oils and ahead of U.S.-China trade talks at the G20 meeting on Saturday.

JAKARTA: Palm oil futures in Malaysia rose from a more than three-year low on Wednesday, helped by a weaker ringgit, but soft demand and high inventory levels kept prices under pressure.

KUALA LUMPUR: FGV Holdings Bhd has forecasted the crude palm oil (CPO) price to trade between RM1,900 and RM2,100 per tonne in 2019.

KUALA LUMPUR (Nov 29): Malaysia maintained its export tax on crude palm oil for December at 0%, according to a circular on the Malaysian Palm Oil Board's website, citing the national customs department.

KUALA LUMPUR: Palm oil futures in Malaysia recovered from a more than three-year low on Wednesday, helped by a weaker ringgit but soft demand and high inventory levels kept a lid on prices.

Malaysia should come up with a strategic and comprehensive plan to address any adverse reaction from European countries on palm oil, said Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin (picture).